The Middle-Income Trap in Central and Eastern Europe
The Middle-Income Trap in Central and Eastern Europe

Author: Yaman Kouli

Publisher: Berghahn Books

Published: 2023-11-10

Total Pages: 258

ISBN-13: 1805393952

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Since the 1990s, the economic development of Central and Eastern Europe has maintained high economic growth rates, seemingly leading to an era of prosperity. This very positive vision of future economic success, linked to current political backlash and a long history of economic adversity, is a thin veil of the economic “way west” for so-called transition countries. The Middle-Income Trap in Central and Eastern Europe examines the reality of the diminishing marginal utility of further international investments alongside the pitfalls of higher government spending to cultivate innovation which ultimately makes foreign capital less attractive. In this volume authors from diverse disciplinary perspectives reflect on current debates surrounding the developmental bottlenecks in East-Central Europe. Their common goal is to analyze the manner of socio-economic transformation, question of the relevance and impact of the “middle-income trap” and identify possible ways to escape it.

Law and Development of Middle-Income Countries
Law and Development of Middle-Income Countries

Author: Randall Peerenboom

Publisher: Cambridge University Press

Published: 2014-02-10

Total Pages: 399

ISBN-13: 1107028159

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This interdisciplinary volume addresses the special challenges that middle-income countries confront from both a theoretical and a practical perspective.

China: Surpassing the “Middle Income Trap”
China: Surpassing the “Middle Income Trap”

Author: Shaojie Zhou

Publisher: Palgrave Macmillan

Published: 2020-10-06

Total Pages: 218

ISBN-13: 9789811565397

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This open access book explores one of the most fiercely debated issues in China: if and how China will surpass the middle income trap that has plagued many developing countries for years. This book gives readers a clear picture of China today and acts as a reference for other developing countries. China is facing many setbacks and experiencing an economic slowdown in recent years due to some serious issues, and income inequality is one such issue deferring China’s development potential by creating a middle income trap. This book thoroughly investigates both the unpromising factors and favorable conditions for China to overcome the trap. It illustrates that traps may be encountered at any stage of development and argues that political stability is the prerequisite to creating a favorable environment for economic development and addressing this “middle income trap”. Written by one of China's central planners, this book offers precious insights into the industrial policies that are transforming China and the world and will be of interest to China scholars, economists and political scientists.

The World beyond the West
The World beyond the West

Author: Mariusz Kałczewiak

Publisher: Berghahn Books

Published: 2022-03-11

Total Pages: 259

ISBN-13: 1800733534

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No matter how one defines its extent and borders, Eastern Europe has long been understood as a liminal space, one whose undeniable cultural and historical continuities with Western Europe have been belied by its status as an “Other” in the Western imagination. Across illuminating and provocative case studies, The World beyond the West focuses on the region’s ambiguous relationship to historical processes of colonialism and Orientalism. In exploring encounters with distant lands through politics, travel, migration, and exchange, it places Eastern Europe at the heart of its analysis while decentering the most familiar narratives and recasting the history of the region.

An East Asian Renaissance
An East Asian Renaissance

Author: Indermit Singh Gill

Publisher: World Bank Publications

Published: 2007

Total Pages: 386

ISBN-13: 082136748X

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An East Asian Renaissance, by a World Bank team led by Chief Economist for East Asia & Pacific, Dr Homi Kharas and Economic Adviser, Dr Indermit Gill is the first comprehensive analysis of the new forces and challenges at play in the region since the Bank's seminal report of 1993, The East Asian Miracle. The report argues that regional flows of goods, finance and technology are helping even smaller East Asian countries reap the benefits of economies of scale and that this regional integration must be encouraged. But it also points out that these measures have to be supported by actions at the domestic level to ease the stresses and strains that rapid economic growth leaves in its wake. East Asia must now turn to the urgent domestic challenges of inequality, social cohesion, corruption and environmental degradation arising from its economic success.

Foreign Direct Investment in Central and Eastern Europe
Foreign Direct Investment in Central and Eastern Europe

Author: Balázs Szent-Iványi

Publisher: Springer

Published: 2016-12-22

Total Pages: 278

ISBN-13: 3319404962

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This book examines how foreign direct investment (FDI) inflows to Central and Eastern Europe have changed after the Great Recession. It argues that beyond their cyclical effects, the economic crisis and the changing competitiveness of Central and Eastern European countries have had structural impacts on FDI in the region. FDI has traditionally been viewed as the key driver of national development, but the apparent structural shift means that focusing on cheap labour as a competitive advantage is no longer a viable strategy for the countries in the region. The authors argue that these countries need to move beyond the narrative of upgrading (attracting FDI inflows with increasingly higher value added), and focus on ensuring greater value capture instead. A potential way for doing this is by developing the conditions in which innovative national companies can emerge, thrive and eventually develop into lead firms of global value chains. The book provides readers with a highly informative account of the reasons why this shift is necessary, as well as diverse perspectives and extensive discussions on the dynamics and structural impacts of FDI in post-crisis Central and Eastern Europe.

China's Innovation Challenge
China's Innovation Challenge

Author: Arie Y. Lewin

Publisher: Cambridge University Press

Published: 2016-04-14

Total Pages: 505

ISBN-13: 1107127122

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This book argues that China must become an innovation-based economy to avoid the middle-income traps, and examines both the opportunities and challenges in meeting this goal.

The story of your city
The story of your city

Author: Greg Clark

Publisher: European Investment Bank

Published: 2018-10-31

Total Pages: 131

ISBN-13: 9286138784

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By the end of this century, 9 out of 10 Europeans will live in an urban area. But what kind of city will they call home? You'll find all the answers in CITY, TRANSFORMED, the new essay series from the European Investment Bank. This panoramic first essay in the series lays out a great sweeping history of European cities over the last fifty years—and showcases new directions being taken by some of our most innovative cities. Urban experts Greg Clark, Tim Moonen, and Jake Nunley based at University College London take a definitive look at how Europe's cities transformed from post-industrial decline to thriving metropolises that are as prosperous and liveable as anywhere on Earth.

BRICS or Bust?
BRICS or Bust?

Author: Hartmut Elsenhans

Publisher: Stanford University Press

Published: 2017-09-12

Total Pages: 104

ISBN-13: 1503604918

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Once among the fastest developing economies, growth has slowed or stalled in Brazil, Russia, India, China, and South Africa. What policies can governments enact to jump-start the rise of these middle-income countries? Hartmut Elsenhans and Salvatore Babones argue that economic catch-up requires investment in the productivity of ordinary citizens. Diverging from the popular narrative of increased liberalization, this book argues specifically for direct government investment in human infrastructure; policies that increase wages and the bargaining power of labor; and the strategic use of exchange rates to encourage export-led growth. These measures raise up the majority and finance future productivity by driving broader consumption and fostering investment within national borders. Though strategies like full employment, mass education, and progressive taxation are not especially controversial, none of the BRICS have truly embraced them. Examining barriers to implementation, Elsenhans and Babones find that the main obstacle to such reforms is an absence of political will, stemming from closely guarded elite privilege under the current laws. BRICS or Bust? is a short, incisive read that underscores the need for demand-driven growth and why it has yet to be achieved.

Social and Economic Development in Central and Eastern Europe
Social and Economic Development in Central and Eastern Europe

Author: Grzegorz Gorzelak

Publisher: Routledge

Published: 2019-08-13

Total Pages: 364

ISBN-13: 0429835272

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The integration of post-socialist Central and Eastern Europe into the EU is one of the success stories of European development. The region has seen significant economic convergence, dramatic changes in socio-economic indicators and improvements in the natural environment. However, some challenges remain, such as political divergence, public governance issues and population demographics. This book identifies and analyses the key post-1990 developments across the New Member States at the sub-national and national levels, with frequent country-level and regional comparisons. Careful attention is paid to drawing out commonalities in development trajectories while appreciating each country’s unique context. Drawing on the academic literature and illuminating empirical material, the broad range of topics discussed in the book paints a detailed picture of both change and stability in Central and Eastern Europe. It will be valuable reading for advanced students, researchers and policymakers in regional studies, European studies, human geography, political economy and transition economics.